Core bottom line of Ayala Group’s IMI jumped 52%

MANILA, Philippines — Ayala-led Integrated Micro-Electronics Inc. (IMI) reported a 52-percent increase in third-quarter core net income to $24.1 million from $15.8 million a year earlier, supported by revenue growth, better utilization and higher-value manufacturing programs. The electronics manufacturer said on Wednesday that nine-month core revenue rose by 3.6 percent to $703.2 million from $678.7